- SolarCity (SCTY -1.3%) is selling solar bonds maturing in July 2016, 2018, 2020, 2025, and 2030, and carrying interest rates ranging from 1.6%-5.45%. (8-K filing)
- SolarCity began offering solar bonds to the general public last October. The minimum purchase requirement has been $1K.
- The top U.S. solar installer ended Q1 with $576M in cash/short-term investments, $479M in long-term debt, $100M in solar bonds, $312M in solar asset-backed notes, and $796M in convertible debt. Shares have joined those of other solar names in adding to the Monday losses seen amid a steep market selloff.